2Settimana·

Buy Order Triggered: Sea Limited

Yesterday, $SE (-0,15%) fell below my 78.6% Fibonacci retracement level, triggering the next buy order.

I'm not buying because I know where the bottom is. I'm buying because the stock reached a predefined level within my strategy.

✅ Rules over emotions

✅ Position sizing first

✅ Risk management always

Let's see how the story develops over the coming months and years.

#trading
#long
#tradingstrategy
#sealtd
#stocks
#fintech
#technology
#gaming
#ecommerce
#singapore
#mikeupegui

21.10

Sea ADS Representing Class A

Acquistato a 79,68 USD

9 Commenti

Pelo@pelo

2Settimana

my worst position....

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Mike@MikeUpegui

2Settimana

@pelo I'm currently at -15 %😓

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FightToFIRE@Mr-FightToFIRE

1Settimana

I've held this stock for a few years now. I even rode it up all the way to 200 from 40 only to see it go back to 70 something...

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Mike@MikeUpegui

1Settimana

@Mr-FightToFIRE what are your plans with this stock?

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FightToFIRE@Mr-FightToFIRE

1Settimana

@MikeUpegui Long-term hold still, for me the fundamentals haven't changed, but not sure about adding. It's just a bit painful to see it go this low after being so high.

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Mike@MikeUpegui

1Settimana

@Mr-FightToFIRE watching a stock fall after you've seen it much higher is never fun.
For me, though, that's exactly where my Fibonacci Strategy comes in. If the fundamental thesis hasn't changed but the price has, I gradually add at predefined levels instead of trying to guess the bottom.
Whether $SE goes lower from here, I have no idea. But if I liked the business at higher prices, it's hard to argue that I should like it less purely because the market is offering it cheaper 📉📈
Only time ⏳ will tell which one is right: the business or the current sentiment.

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FightToFIRE@Mr-FightToFIRE

1Settimana

@MikeUpegui You know what, very true, I still have some cash left, putting a buy order at these levels.

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Der K.@DerKlene

would you buy more today ?

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Mike@MikeUpegui

@market_mastermind_3655 if it keeps falling, then yes. My next buy order is placed at 60,94 USD

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